Ripple (XRP) Closes Prior Hour Up 0.45%; in an Uptrend Over Past 30 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for XRP

Last Updated February 19, 2021, 23:17 GMT

At the time of this writing, Ripple’s price is up $0 (0.45%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Ripple Daily Price Recap

Ripple entered today at $0.5319, down 0.41% ($0.0022) from yesterday. This move happened on lower volume, as yesterday’s volume was down 25.14% from the day before — and down 27.59% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to yesterday. Below is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 6 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

  • From s_alderoty:

    As many of you have seen, the SEC filed an amended complaint today. The only legal claim remains: did certain distributions of XRP constitute an investment contract? Disappointing the SEC needed to try to “fix” their complaint after waiting years to bring it in the first place…

  • From xrp_mami:

    If you watched the video I did today centered around $XRP. You’d fully understand why it’s ALL the money. I’m not posting because weak hands don’t get to see it. Only the strong will survive from here on out. Know what you HODL and may the odds forever be in your favor 😈

  • From MackAttackXRP:

    I am shocked, I am being attacked by strangers for sharing news. I am always friendly and helpful, I just share about #XRP. What’s the matter with you people? Is there more to it? They do not come from the #XRPCommunity but from a different angle. What are they afraid of? 😳😳😎

As for a news story related to Ripple getting some buzz:

Ripple is building the core ledger that mints CBDCs, says top exec – USA News Lab

However, central banks should work on interoperability for CBDCs to thrive….The second part Ripple is engaged on is interoperability, permitting customers to maneuver property between blockchains.